The City of Charlottesville Office of Economic Development (OED) is offering a business assistance program to existing City-based businesses.
Eligible businesses may apply for one-time grant funding up to $2,250 that will directly lead to increasing business revenue through acquiring new equipment, products, or services. Grants will be awarded on a quarterly basis during the months of September, December, March, June. Applications are accepted throughout the entire Fiscal Year.
The Advancing Charlottesville Entrepreneurs (ACE) Micro Grant Program is targeted towards existing businesses with the immediate potential to increase revenue. To be eligible for the program, business owners must not exceed certain income limits based on household size. The ACE Micro Grant program is a competitive grant process that serves business owners who emphasize organization, initiative, and the dedication to make their business a success.
Initial funding for this program is provided from the Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG). Additional funding from the Charlottesville Economic Development Authority has allowed the program to be expanded.
To be eligible for the ACE Micro Grant Program, businesses must meet certain income qualifications. Please use the contact information below to ask questions before submitting applications.
INCOME GUIDELINES FOR THE ACE PROGRAM
|# Persons in Family/Household
|| Maximum Yearly Business Owner Income|
ACE MICRO GRANT PROGRAM ELIGIBILITY CRITERIA
Currently have a City of Charlottesville Business License
Have 5 employees or less
Have a physical address in the City of Charlottesville (P.O. Boxes are not accepted)
Be able to provide documentation to meet income requirements
Be a for-profit business (non-profits are not eligible)
Be willing to become a registered vendor with the City of Charlottesville
CLICK HERE for a PDF application (Part I).
CLICK HERE for a PDF (Part II). May submit multiple forms, not to exceed $2,250 in total.
For questions, please contact Jason Ness at firstname.lastname@example.org